Brazil Judge Dismisses Oil Spill Case Against Chevron, Transocean
By Jeb Blount RIO DE JANEIRO (Reuters) – A Brazilian federal judge dismissed a lawsuit against No. 2 U.S. oil company Chevron Corp after approving a negotiated settlement, a decision that closes a nearly two-year legal battle over a November 2011 oil spill. Brazilian prosecutors had sought 40 billion reais ($18 billion) in damages from Chevron and offshore drilling contractor Transocean Ltd for a 3,600-barrel leak in the Frade offshore oil field, which Chevron operates, northeast of Rio de Janeiro. Prosecutors also filed criminal charges against the companies and 17 of their employees. …
“Brazil Judge Dismisses Oil Spill Case Against Chevron, Transocean” is categorized as “world”. This video was licensed from Grab Networks. For additional video content, click the “video” tab at the top of this page.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.